% of shares outstanding is not shown for QEFA: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for QEFA in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | LPL Financial LLC | 1,292,2421.3M | $121M | — | ADD 2% |
| 2 | MORGAN STANLEY | 1,052,2361.1M | $98M | — | TRIM -4% |
| 3 | AMERIPRISE FINANCIAL INC | 1,002,4891.0M | $94M | — | TRIM -3% |
| 4 | Intelligence Driven Advisers, LLC | 612,979612,979 | $57M | — | TRIM -15% |
| 5 | ENVESTNET ASSET MANAGEMENT INC | 431,315431,315 | $40M | — | ADD 24% |
| 6 | CX Institutional | 321,415321,415 | $30M | — | ADD 67% |
| 7 | GREAT VALLEY ADVISOR GROUP, INC. | 289,229289,229 | $27M | — | ADD 9% |
| 8 | SimpliFi, Inc. | 244,333244,333 | $23M | — | — |
| 9 | Private Advisor Group, LLC | 211,692211,692 | $20M | — | — |
| 10 | BANK OF AMERICA CORP /DE/ | 206,196206,196 | $19M | — | ADD 4% |
| 11 | Independent Advisor Alliance | 156,114156,114 | $15M | — | NEW |
| 12 | KWB Wealth | 160,530160,530 | $15M | — | — |
| 13 | Aptus Capital Advisors, LLC | 148,153148,153 | $14M | — | ADD 3% |
| 14 | Financial Guidance Group, Inc. | 148,153148,153 | $14M | — | ADD 3% |
| 15 | ARRIEN INVESTMENTS, INC. | 144,959144,959 | $14M | — | — |
| 16 | Equitable Holdings, Inc. | 148,095148,095 | $13M | — | ADD 4% |
| 17 | Financial Enhancement Group LLC | 135,783135,783 | $13M | — | TRIM -9% |
| 18 | FIRST HAWAIIAN BANK | 137,956137,956 | $13M | — | — |
| 19 | ARQ WEALTH ADVISORS, LLC | 137,271137,271 | $13M | — | ADD 5% |
| 20 | Dynamic Advisor Solutions LLC | 128,455128,455 | $12M | — | ADD 5% |
| 21 | Hobart Private Capital, LLC | 128,356128,356 | $12M | — | TRIM -3% |
| 22 | Evergreen Private Wealth LLC | 109,087109,087 | $10M | — | — |
| 23 | Brio Consultants, LLC | 96,32896,328 | $9M | — | TRIM -3% |
| 24 | CAPTRUST FINANCIAL ADVISORS | 97,58597,585 | $9M | — | — |
| 25 | COMMONWEALTH EQUITY SERVICES, LLC | 92,63392,633 | $9M | — | TRIM -2% |
| 26 | Eagle Strategies LLC | 90,52290,522 | $8M | — | ADD 6% |
| 27 | HighTower Advisors, LLC | 86,13686,136 | $8M | — | ADD 39% |
| 28 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 79,15479,154 | $7M | — | TRIM -17% |
| 29 | CWM, LLC | 78,87878,878 | $7M | — | ADD 23% |
| 30 | PALLADIEM, LLC | 71,61271,612 | $7M | — | — |
| 31 | MONETA GROUP INVESTMENT ADVISORS LLC | 63,82263,822 | $6M | — | — |
| 32 | MML INVESTORS SERVICES, LLC | 51,26851,268 | $5M | — | TRIM -3% |
| 33 | Sage Mountain Advisors LLC | 49,56249,562 | $5M | — | — |
| 34 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 49,55849,558 | $5M | — | ADD 14% |
| 35 | 1620 INVESTMENT ADVISORS, INC. | 43,50343,503 | $4M | — | ADD 2% |
| 36 | GOLDMAN SACHS GROUP INC | 42,88642,886 | $4M | — | NEW |
| 37 | Johnson & White Wealth Management, LLC | 42,00142,001 | $4M | — | TRIM -9% |
| 38 | OLD MISSION CAPITAL LLC | 39,28839,288 | $4M | — | NEW |
| 39 | ADAPT WEALTH ADVISORS, LLC | 38,77838,778 | $4M | — | — |
| 40 | OSAIC HOLDINGS, INC. | 37,99237,992 | $4M | — | — |
| 41 | RESOLUTE WEALTH ADVISOR, INC. | 37,71137,711 | $4M | — | NEW |
| 42 | MANNING & NAPIER ADVISORS LLC | 37,48437,484 | $3M | — | ADD 66% |
| 43 | MERCER GLOBAL ADVISORS INC /ADV | 37,40537,405 | $3M | — | TRIM -9% |
| 44 | STIFEL FINANCIAL CORP | 35,95935,959 | $3M | — | ADD 13% |
| 45 | IHT Wealth Management, LLC | 32,27532,275 | $3M | — | — |
| 46 | Western Wealth Management, LLC | 31,74031,740 | $3M | — | ADD 4% |
| 47 | NorthRock Partners, LLC | 29,21729,217 | $3M | — | TRIM -12% |
| 48 | L & S Advisors Inc | 27,09127,091 | $3M | — | — |
| 49 | 21 West Wealth Management LLC | 26,53226,532 | $2M | — | TRIM -3% |
| 50 | Wealthcare Advisory Partners LLC | 24,51924,519 | $2M | — | — |
| 51 | JOURNEY STRATEGIC WEALTH LLC | 24,42224,422 | $2M | — | — |
| 52 | NVWM, LLC | 23,08923,089 | $2M | — | TRIM -6% |
| 53 | Betterment LLC | 23,05323,053 | $2M | — | — |
| 54 | JANE STREET GROUP, LLC | 22,41622,416 | $2M | — | TRIM -15% |
| 55 | Warren Street Wealth Advisors, LLC | 21,70021,700 | $2M | — | ADD 4% |
| 56 | Cambridge Investment Research Advisors, Inc. | 20,17420,174 | $2M | — | ADD 4% |
| 57 | Empowered Funds, LLC | 19,86819,868 | $2M | — | ADD 43% |
| 58 | Mariner, LLC | 19,74519,745 | $2M | — | TRIM -12% |
| 59 | NewEdge Advisors, LLC | 95,56995,569 | $2M | — | TRIM -12% |
| 60 | CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 18,98418,984 | $2M | — | ADD 6% |
| 61 | BANK OF MONTREAL /CAN/ | 17,61917,619 | $2M | — | ADD 8% |
| 62 | Element Wealth, LLC | 15,91915,919 | $1M | — | — |
| 63 | IFP Advisors, Inc | 15,79915,799 | $1M | — | ADD 5% |
| 64 | Stanich Group LLC | 15,78815,788 | $1M | — | TRIM -2% |
| 65 | Farther Finance Advisors, LLC | 14,45814,458 | $1M | — | ADD 168% |
| 66 | Capital Advisors, Ltd. LLC | 14,40614,406 | $1M | — | — |
| 67 | Golden State Wealth Management, LLC | 14,31414,314 | $1M | — | ADD 6% |
| 68 | Cornerstone Wealth Management, LLC | 13,94413,944 | $1M | — | ADD 12% |
| 69 | McAdam, LLC | 13,79813,798 | $1M | — | ADD 5% |
| 70 | PFG Advisors | 13,31413,314 | $1M | — | TRIM -47% |
| 71 | B. Riley Wealth Advisors, Inc. | 11,77411,774 | $1M | — | — |
| 72 | ROYAL BANK OF CANADA | 11,03111,031 | $1M | — | TRIM -5% |
| 73 | Cerity Partners LLC | 9,8819,881 | $921,575 | — | ADD 16% |
| 74 | Cetera Investment Advisers | 9,8609,860 | $919,653 | — | ADD 2% |
| 75 | Stratos Wealth Partners, LTD. | 9,6249,624 | $897,723 | — | TRIM -8% |
| 76 | RAYMOND JAMES FINANCIAL INC | 8,6798,679 | $809,491 | — | ADD 9% |
| 77 | Sowell Financial Services LLC | 6,3476,347 | $591,964 | — | — |
| 78 | Creative Planning | 6,1906,190 | $577,341 | — | — |
| 79 | Keystone Financial Group | 6,0166,016 | $561,141 | — | ADD 5% |
| 80 | VestGen Advisors, LLC | 5,5805,580 | $542,655 | — | TRIM -2% |
| 81 | AE Wealth Management LLC | 5,5995,599 | $522,184 | — | ADD 47% |
| 82 | FMR LLC | 5,5195,519 | $514,761 | — | ADD 20% |
| 83 | Investment Research Partners LLC | 5,4605,460 | $509,254 | — | — |
| 84 | Avail Investment Partners, LLC | 5,4605,460 | $509,000 | — | NEW |
| 85 | RED REEF ADVISORS LLC | 4,9834,983 | $464,726 | — | TRIM -2% |
| 86 | Walkner Condon Financial Advisors LLC | 4,9654,965 | $463,086 | — | TRIM -7% |
| 87 | January Capital Advisors LLC | 4,7544,754 | $443,406 | — | NEW |
| 88 | DIVERSIFY WEALTH MANAGEMENT, LLC | 4,4844,484 | $424,546 | — | NEW |
| 89 | WADDELL & ASSOCIATES, LLC | 4,3944,394 | $409,828 | — | — |
| 90 | FLAGSHIP HARBOR ADVISORS, LLC | 4,1474,147 | $386,806 | — | TRIM -8% |
| 91 | Flagship Private Wealth, LLC | 4,1024,102 | $382,557 | — | ADD 17% |
| 92 | PRIVATE TRUST CO NA | 3,8923,892 | $362,984 | — | ADD 6% |
| 93 | AQR CAPITAL MANAGEMENT LLC | 3,7503,750 | $349,763 | — | TRIM -2% |
| 94 | Opulen Financial Group LLC | 3,7343,734 | $348,242 | — | — |
| 95 | Orgel Wealth Management, LLC | 3,5163,516 | $327,938 | — | ADD 7% |
| 96 | ASSETMARK, INC | 3,4213,421 | $319,077 | — | TRIM -5% |
| 97 | Valmark Advisers, Inc. | 3,4193,419 | $318,879 | — | — |
| 98 | KINGSWOOD WEALTH ADVISORS, LLC | 3,1163,116 | $290,629 | — | ADD 3% |
| 99 | First Heartland Consultants, Inc. | 2,8082,808 | $261,902 | — | TRIM -2% |
| 100 | Atria Investments, Inc | 2,8082,808 | $261,902 | — | TRIM -2% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | 790K | 816K | 1.0M | 1.2M | 1.3M | 1.3M | $121M |
| MORGAN STANLEY | 1.4M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | $98M |
| AMERIPRISE FINANCIAL INC | 2.2M | 1.2M | 965K | 1.1M | 1.0M | 1.0M | $94M |
| Intelligence Driven Advisers, LLC | 674K | 673K | 735K | 757K | 724K | 613K | $57M |
| ENVESTNET ASSET MANAGEMENT INC | 423K | 417K | 398K | 385K | 348K | 431K | $40M |
| CX Institutional | 204K | 179K | 140K | 201K | 192K | 321K | $30M |
| GREAT VALLEY ADVISOR GROUP, INC. | 601K | 409K | 252K | 263K | 264K | 289K | $27M |
| SimpliFi, Inc. | 263K | 260K | 259K | 249K | 244K | 244K | $23M |
| Private Advisor Group, LLC | 196K | 207K | 209K | 209K | 215K | 212K | $20M |
| BANK OF AMERICA CORP /DE/ | 174K | 142K | 141K | 134K | 197K | 206K | $19M |
| Independent Advisor Alliance | 122K | — | — | — | — | 156K | $15M |
| KWB Wealth | 157K | 161K | 163K | 158K | 161K | 161K | $15M |
| Aptus Capital Advisors, LLC | 125K | 129K | 137K | 140K | 144K | 148K | $14M |
| Financial Guidance Group, Inc. | 125K | 129K | 137K | 140K | 144K | 148K | $14M |
| ARRIEN INVESTMENTS, INC. | 129K | 134K | 135K | 141K | 147K | 145K | $14M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Independent Advisor Alliance | +156,114 | $15M | OPEN |
| CX Institutional | +129,367 | $12M | ADD |
| ENVESTNET ASSET MANAGEMENT INC | +83,464 | $8M | ADD |
| GOLDMAN SACHS GROUP INC | +42,886 | $4M | OPEN |
| OLD MISSION CAPITAL LLC | +39,288 | $4M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Intelligence Driven Advisers, LLC | −111,422 | $10M | TRIM |
| MORGAN STANLEY | −42,839 | $4M | TRIM |
| AMERIPRISE FINANCIAL INC | −31,301 | $3M | TRIM |
| CITADEL ADVISORS LLC | −22,027 | $2M | CLOSE |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −16,342 | $2M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 144 | 9,463,163 | — | $876M |
| 2025-Q4 | 141 | 9,154,730 | — | $831M |
| 2025-Q3 | 134 | 9,129,652 | — | $802M |
| 2025-Q2 | 129 | 8,846,819 | — | $753M |
| 2025-Q1 | 126 | 9,425,817 | — | $744M |
| 2024-Q4 | 120 | 10,974,900 | — | $798M |
| 2024-Q3 | 121 | 10,494,975 | — | $840M |
| 2024-Q2 | 111 | 10,792,386 | — | $807M |
| 2024-Q1 | 119 | 13,876,633 | — | $1.1B |
| 2023-Q4 | 116 | 12,750,742 | — | $929M |
| 2023-Q3 | 113 | 12,180,443 | — | $815M |
| 2023-Q2 | 110 | 13,866,358 | — | $967M |
| 2023-Q1 | 105 | 12,691,594 | — | $876M |
| 2022-Q4 | 101 | 12,683,549 | — | $813M |
| 2022-Q3 | 92 | 10,643,704 | — | $594M |
| 2022-Q2 | 95 | 11,526,445 | — | $716M |
| 2022-Q1 | 96 | 9,971,152 | — | $710M |
| 2021-Q4 | 86 | 9,775,933 | — | $750M |
| 2021-Q3 | 76 | 8,443,440 | — | $636M |
| 2021-Q2 | 77 | 7,577,184 | — | $573M |
| 2021-Q1 | 75 | 6,215,292 | — | $449M |
| 2020-Q4 | 63 | 5,155,706 | — | $361M |
| 2020-Q3 | 67 | 3,996,970 | — | $248M |
| 2020-Q2 | 59 | 3,568,590 | — | $213M |
| 2020-Q1 | 60 | 3,758,463 | — | $203M |
| 2019-Q4 | 57 | 4,176,744 | — | $256M |
| 2019-Q3 | 51 | 3,495,952 | — | $220M |
| 2019-Q2 | 46 | 3,084,384 | — | $195M |
| 2019-Q1 | 40 | 2,939,855 | — | $183M |
| 2018-Q4 | 43 | 2,552,904 | — | $145M |
| 2018-Q3 | 29 | 4,667,677 | — | $210M |
| 2018-Q2 | 37 | 4,604,482 | — | $198M |
| 2018-Q1 | 34 | 2,576,569 | — | $167M |
| 2017-Q4 | 25 | 1,864,211 | — | $121M |
| 2017-Q3 | 22 | 2,358,547 | — | $150M |
| 2017-Q2 | 16 | 1,971,542 | — | $120M |
| 2017-Q1 | 18 | 1,800,593 | — | $104M |
| 2016-Q4 | 8 | 1,317,714 | — | $71M |
| 2016-Q3 | 10 | 132,026 | — | $7M |
| 2016-Q2 | 6 | 54,129 | — | $3M |
| 2016-Q1 | 6 | 66,303 | — | $4M |
| 2015-Q4 | 7 | 78,685 | — | $4M |
| 2015-Q3 | 5 | 73,559 | — | $4M |
| 2015-Q2 | 5 | 76,160 | — | $4M |
| 2015-Q1 | 4 | 84,809 | — | $5M |
| 2014-Q4 | 5 | 80,001 | — | $4M |
| 2014-Q3 | 1 | 85,000 | — | $5M |
| 2014-Q2 | 3 | 93,011 | — | $6M |
